Nokia to invest $150 million more in direct venture arm prioritising India and China (US)Nokia will invest about $150 million more in its direct venture arm, Nokia Growth Partners, more than doubling the size of its current fund. The priority for the new money is India and China.
Menlo Park, CA-based Nokia Growth Partners was set up in 2004 to directly manage $100 million of Nokia’s money. Its investments include mobile/online streaming service Kyte, Finland-based graphics firm Bitboys, and India’s Sasken Communications, among others.
